All Forum Posts by: Jarek L.

Hi Uwe

Thanks for your reply.
When you look for opportunities in those so called rust belt cities and states , do you look at demographics data and unemployment rates before committing ?
What was the cap rate with that $179k, 80% occupied block of flats?
Have you done a due diligence on it ?

Jarek

Ok, Thanks Rich for explaining the process.
Yes, you are right I don't think it is something that I would be interested as I want to buy and refurbish myself, well manage the refurbishment process myself to be exact.
Thanks anyway

Hello

I've just been watching an innocent clip on youtube about Houston Tx, and they mention that this year's draught has been really bad.
What's real situation on the ground?
How bad is this?
thanks

I've always thought there are many good high cash flowing deals in Germany especially in the former east part of the Country.
There is many German properties being sold at auctions in the UK showing good cashflow, but they are mostly in some small towns where from what I've heard people have been moving away to other places. That's why I've never considered investing there plus i don't know the language.
There is also many apartments for sale in Berlin that show 5-7% yields and people here say that the German property market will develop in the same way as other EU markets have.
Clearly if it was all so good you wouldn't be trying to invest in the US but in your own Country, as you know the local market best.
Have you had any luck finding motivated owners in the US willing to finance the purchase of a property from themselves?
Have you tried to look at any other market except Ohio?

Jarek

Hi Rich

Can you elaborate on your last post in here.
Can you explain the process in layman's terms , please?
I'm an overseas investor that would want to invest some of my own cash, buying houses in bad to very bad condition, renovating them to good to very good standard and then renting.
But would like my dollar to go a little further and be able to get some lender willing to refinance those refurbished properties in order to release equity to purchase some more properties.

Hope to hear from you soon

Thanks

Hello Rich

Would you be willing to explain it in details.
What role in the whole process did you play?
Were you the actual lender?
What interest was applied?
I'm looking for a lender in the US that would be willing to lend 50% of the value of purchased property for a foreign investor.
Any clues on how it could be done?

Thanks

Jarek

Jon is right, scary stuff.
Would be nice to learn about Uwe's experiences during the work and of the finished product.
Keep us informed Uwe
Thanks

keep us informed on how easy/difficult was it to deal long distance with your Cincinnati rehab contractor.
I'm wondering how long distance investors are getting along with their US rehab contractors or property management teams.
thanks

Vicram C, let me know please, how were able to locate a good property manager as this is the crucial part of my long distance investing strategy.
I would need a property manager that would actualy work for me not for themselves and their mates subcontractors.
Thanks

As I said when it comes to property investment for the future and to have both positive cash flow and capital appreciation in the future plus ( low vacancy rates, good economic condition of the city and the region, good outlook on the future, population growth and nice sunny weather) I think Texas is the place to go and maybe Alabama, because of the growth in foreign owned car industry.
but, how a foreign investor can locate good cash flow properties? I could see any on realtor.com or craigslist?
Any clues on where to look for them?